- RSI below 30
- Around Fibonacci retracement support level 1914
- Around Trend Based Fibonacci Extension 1897 support level
- MACD: increasing momentum. However, previous momentum streaks were 10-30 days so I would suggest to wait a bit longer.
- Price dives under Bollinger Bands
- High volumes
Conclusion: wait till panic selling stops (RSI goes up, price back...
Again, another stock where the name of the game will be patience. Going to wait for bulls to show evidence on a lower timeframe in order for there to be a high probability buy order.
previous chart still intact, just took longer then expected. EXPE earnings is putting a bid here and we're clearing that minor trendline. Nice setup for 12 months consolidation breakout
This 30m chart of BKNG (formerly Priceline Group) shows the standard "5-down, 3-up" pattern that is the most basic sequence in Elliott Wave theory. The corrective rally simultaneously hit the 50% Fibonacci retracement level and trendline channel resistance. Initiating a short position at 2110 and looking for price to roll over into the end of the month. Immediate...
